We are in the middle of a digital revolution!
Before the Internet came along, starting and succeeding with your own business required a huge investment. We’re talking 150k on the low-end for a barbershop up to 750k or more for a franchise.
But even if you had that kind of money, you would also have to put in obscene hours and deal with lots of headaches like equipment issues, payroll, employees and inventory to make things work.
Oh yeah, and don’t forget customer service.
Take it from someone who managed a customer service desk in a previous life. The customer IS NOT always right! and boy did they let you know it every time they got a chance!
But all of that changed in 1994.
That’s when Amazon came along and introduced us to online shopping. Google arrived in 1998 then it was Facebook, YouTube and the iPhone, bang, bang, bang from 2004 to 2007.
They all changed the world (as well as your fortune as it turns out).
The Economics of an Online Business
Suddenly, if you had a computer and an Internet connection you had the potential to create an online business with a big upside. Consider the following stats:
- You now have access to a global audience (2 billion people on Facebook alone and 3.2 billion people with Internet access)
- The cost of starting a business has been drastically reduced from $100s of thousands of dollars to mere $1000s or even $100s if you have the patience
- You can work an online business part-time. This is because you can use leverage and reach a big audience and automate so many tasks.
- Creating multimedia was expensive. Equipment, technicians and ad space on radio or TV were costly. Now, if you are creative and have a web cam, you have the ability to create good content.
- The economic upside of the Internet is enormous.
Allow me to paint a picture for Point #4 above.
Let’s say you are promoting a subscription based product that pays you a commission of $22 per month (there are 100s of these available to choose from).
If you promoted and sold ONE subscription per month, at the end of one year you would have cleared $1,700 and you would have a recurring monthly income of $264.
There are few businesses that can compete with that type of income potential given the time and money you could invest. Increase the time, money or the number of subscriptions sold per month, and you really can make a difference in your financial picture.
But it’s not all roses and chocolate cake.
If you want a chance at success, you MUST internalize these beliefs. 98% of online entrepreneurs who crash and burn ignore these rules.
#1 – Starting an online business is not a get-rich-quick scheme
The Internet is a virtual wild, wild, west.
Almost anything goes, including scams galore. Don’t fall for the promise of quick riches. Don’t get sucked into secrets, hacks, black hat practices, shortcuts or anyone who promises you big bucks for little effort.
Long-term and true success requires work, trial and error and consistency.
#2 – Online success requires time, effort and patience
This is related to the previous point.
If you want to succeed in the Internet game you’ve got to put in the time and effort that is needed. 1-2 hours per week ain’t gonna cut it.
If you’ve got a lot going on and can’t spend at least 8-10 hours per week, then you should table it for a while until your life settles down. More than likely, however, you’re blowing a lot of time on streaming, surfing the web, playing video games, and other dumb shtuff.
And another thing. You’ve got to be patient.
There is a lot to learn and absorb when starting out: new terms, new software, new techniques. Therefore, you need to commit to your plan for at least a year. That’s one way you’ll be able to overcome the ups and downs you will surely experience.
Be patient and you will succeed!
#3 – Success is More Mindset Than Methods
Making your online business a success is more of a mental game than anything else.
This means that you will experience confusion, criticism, frustration and discouragement as you start to grow your business. Sometimes you will lack motivation.
You will also reach a point where you will want to give up.
I know, I know, this is a lousy pep talk! But I want to shoot straight with you. I’m giving you my experience. Take it from someone who blew a lot of time AND money to get to this point.
So decide from the get go that short of some catastrophe, you will keep moving forward no matter the situation. Your negative mindset will kill your dream long before any tactic will.
#4 – Success requires a monetary investment
At some point down the line, you will have to invest in a minimum of tools, which means you will have to invest some money. You wouldn’t show up to a construction site without basic tools so why do you think you can do that for your business?
With the HDR program, you won’t have to worry about money for a while after an initial $7.00 investment. But please, don’t think you can slog your way through free YouTube videos and blog posts.
You need training and guided mentorship. And that requires an investment.
To summarize these important first points.
The Internet has leveled the playing field. It is possible to have success if you follow a plan and a few important principles.
- Starting an online business is not a get-rich-quick scheme
- Success in an online business requires time and effort
- Success in an online business is more mindset than methods
- Success in an online business will require a monetary investment (at some point)
One last thing!
If you are looking for a solid plan, where we’ll treat you as a real person (and not a number), where you can build your business with purpose, then we’d like to invite you to join the Honest Digital Revolution.